USAILPecatonica520 Main St
520 Main St, Home with 0 bedrooms, 0 bathrooms and null parking in PECATONICA IL | Image 1
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$250,000

520 Main St, Pecatonica, IL

Real Estate

Sold

$--,---,---
$329,990
000
  • Key Facts
  • Description
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Key Facts

Type 
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $5,309
Approx. Age 1915
MLS® Number 12317390

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Prime Mixed-Use Investment Opportunity in Pecatonica, IL - This 7-unit property at 520 Main St features two vacant storefronts and five apartments, with only one apartment empty for showing. (three 2-bed/1-bath units, one 1-bed/1-bath unit, and one 3-bed/1-bath unit). The current rent roll is under 3k per month currently with vacancies and low rents in place, with significant upside potential - fully leased and at market rents, the property can generate 6k/month. Both storefronts can be rented for 700-900 each, adding substantial income. The apartment units are leased under market and could all be raised as well. All leases are month to month so rents could be easily raised with a 30 day notice. In the past year, there has also been a brand new furnace and water heater put in. The building is entirely separately metered, keeping expenses low and operations efficient. Priced at 400k, with the upside, this is a fantastic value-add opportunity with strong cash flow potential in a historic community.Show Description
MLS® Number12317390
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1915
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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